Early calls for corn, wheat, and soybeans
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Wednesday, November 24, 2010 are higher. Corn is seen opening 3-5 cents higher, soybeans 6-8 cents higher and wheat up 3-5 cents.
In overnight electronic trading, the March corn futures contract traded 5 cents higher at $5.48 per bushel. The Jan. soybean futures contract traded 9 1/2 cents higher at $12.48 1/2 per bushel. The Dec. wheat futures contract traded 6 1/2 cents higher at $6.48 1/2. For Dec soymeal futures, the contract traded $0.50 per short ton higher at $341.12, and Jan. soyoil up 0.53 at $50.10.
The outside markets are mildly supportive for Wednesday's grain trade. The real factors driving the mostly higher early calls are the higher overnight markets.